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Brijons advanced traders multi-currency strategies

  • #241
  • Jun 13, 2011 9:18am Jun 13, 2011 9:18am
hi Brijon,

glad you had a nice vacation.

as promised here is the EA / indicator.

once it has gone to 0 it will give an alarm.

i will also soon update it. that it will give ask price and bid price when alarm is given in log file. this way we can study for exits or new entries etc.

the indicator is like an EA. it is not very well written since i am a rookie.
but it works.

just add the EA into experts. and reload your metatrader. then add the EA on any 1 minute chart.

if any of you have question just add it in here. or like updates etc.

again i am rookie programmer so dont expect miracles for me. i am also still learning. but will try the best i can

best wishes and happy day everyone

godbless you all

trade4fun
Attached File(s)
File Type: mq4 perfect_hedge_info6.mq4   17 KB | 468 downloads
  • #242
  • Jun 13, 2011 9:45am Jun 13, 2011 9:45am
Cheers trade4fun

Look forward to trying.

M.
  • #243
  • Jun 13, 2011 11:50am Jun 13, 2011 11:50am
Quoting trade4fun
hi Brijon,

glad you had a nice vacation.

as promised here is the EA / indicator.

once it has gone to 0 it will give an alarm.

i will also soon update it. that it will give ask price and bid price when alarm is given in log file. this way we can study for exits or new entries etc.

the indicator is like an EA. it is not very well written since i am a rookie.
but it works.

just add the EA into experts. and reload your metatrader. then add the EA on any 1 minute chart.

if any of you have question just add it in here. or like updates etc.

again...
hi trade4fun,
god bless u. great effort. thank you so much.
are you going long & short at ZERO or just sticking to one side.

cheers!
Axiom
  • #244
  • Jun 14, 2011 12:28am Jun 14, 2011 12:28am
http://www.youtube.com/watch?v=5h5ZinmiGUc
  • #245
  • Jun 14, 2011 12:42am Jun 14, 2011 12:42am
The zreo point used on the three usdusd gbpusd and the eurgbp
is used by some large traders for anindication of trend change of the currencys

so its another confirmation of a overall trend change

eg the three went zero yesterday then into +1 +2

indicating the three plus the major curencys trend could go long

the point of zero is a warning of a possible trend change

using your confirmation of of line charts hedge and basket

you have a strong entry confirmation of entry for multicurrency trading

indicaters are for a confirmation only using weight of evidence to help you confirm your decision

there are no right or wrong ways to trade

the natural circle of loss profit loss profit paintence , dont be greedy is a wonderful safegard to enable you to be a profitable trader

the use of bosuns lines and his method off position averaging
gives one a great money management tool

sometimes a temporary loss is just a stepping stone to a hugh profit in trading the forex

most of all have fun trading

god bless you from brian
  • #246
  • Jun 14, 2011 1:55am Jun 14, 2011 1:55am
http://www.youtube.com/watch?v=ycMJY5Ktmgg
  • #247
  • Jun 14, 2011 4:45am Jun 14, 2011 4:45am
Hi Brijon,

thanks for the nice comments and the video.

if you like i could also add more into the EA from the excell sheet. just depends on what you would like to see.

other people can comment on this as well. i can always add more into the EA.

the calculation is for 5 digit brokers.

also i add a new EA. this new EA will output in the log file the bid and ask price when 0 hedge is given.

this is more for education purpose, but it could come in hand.
Attached File(s)
File Type: mq4 perfect_hedge_info7.mq4   20 KB | 335 downloads
  • #248
  • Edited 8:22am Jun 14, 2011 7:39am | Edited 8:22am
i think if we could have a total for the 14 averages in first colum this would show current 14 trend as a whole

also an option to turn off the beep sound would be a welcome addition

trade4fun great effort in producing this
WONDERFUL WORK
THANK YOU
FROM Brian



Quoting trade4fun
hi Brijon,

glad you had a nice vacation.

as promised here is the EA / indicator.

once it has gone to 0 it will give an alarm.

i will also soon update it. that it will give ask price and bid price when alarm is given in log file. this way we can study for exits or new entries etc.

the indicator is like an EA. it is not very well written since i am a rookie.
but it works.

just add the EA into experts. and reload your metatrader. then add the EA on any 1 minute chart.

if any of you have question just add it in here. or like updates etc....
  • #249
  • Jun 14, 2011 7:46am Jun 14, 2011 7:46am
Hi Brian

Just some feedback on the FX EA that you pointed my toward. The demo ended over the Queens Birthday weekend, when I was away from home. However, MT4 was down when I checked yesterday and after a few tries it will not start-up so I can't check the final results.

But, from memory the profits made were not that great and there was a great deal of manual intervention needed to move the firing lines, especially on AU and AG.

So, I think manual, e.g. multi-currency or another EA, e.g. http://www.forexfactory.com/showthread.php?t=297805, will give better returns.

Thanks

Paul
  • #250
  • Jun 14, 2011 8:02am Jun 14, 2011 8:02am
you confirmed my thinking re eas im not a great fan of auto trading
they usualy start up well only to have some serious problems later
i think i prefer doing limit orders using hh ll and bosun lines for pos averaging

simple but very effective method of trading for me this method has worked well over the years the bosun lines just make it easier to idenify
support resistance double tops double bottoms supply demand zones a lot easier

im a little old fashion in my thinking i know , old habits are the hardest to break

usualy eas for auto trading need some bullet proofing from the crims
and generaly in my experience the updates are an ongoing affair

like a patchwork quilt constant modifications

but im might be wrong as i said we all trade different there is no right or wrong way to trade

once again thank you for testing this system i had no time

god bless from Brian
  • #251
  • Edited 9:42am Jun 14, 2011 9:29am | Edited 9:42am
ALONG SIDE 14 CURRENCYS AVERAGE ON EA A COLUM FOR TODAYS OPEN PRICE IS GREATER THAN YESTERDAYS CLOSE A GREEN SQUARE IF LESS A RED SQUARE

THIS WOULD GIVE AN AUTO INCREASE TREND HIT RATE OF UP TO 85 %
OF INDIVIDUAL CURRENCYS FOLLOWING the TREND

ALSO IF BOTTOM OF AVERAGES GAVE PIPS ABOVE OR BELOW FRIDAYS CLOSE THIS WOULD GIVE 3 MAIN CRITEREA FOR OVERVIEW ON MT4

AS THESE ARE CRUTIAL THE ZERO OF THE 14 ECT THE YESTERDAYS CLOSE COMPARED TO TODAYS OPEN PRICE AND LAST WEEKS CLOSE PRICE IS BOSUNS FIRST WEEKLY LINE

this could be an excellent beginning for a great mt4 dashboard using fforexforfuns great ea as an excellent overall dashboard helping all obtain great hit rates in my opinion


as forexforfun asked my sujestion this is my idea for helping all get valiue from his mt4 great beginning converting the whatif excell spread sheet to mt5 format

from Brian
  • #252
  • Edited Jun 15, 2011 5:55am Jun 14, 2011 9:44am | Edited Jun 15, 2011 5:55am
Attachment Hi Brijon,

here is update number 8. it shows the Averages Total . it just hit 0 as you said.
in next update i will try to add the alarm without sound. but i dont know yet how to do it in my program. will investegate.

also i saw that i made a small mistake in the early version by three 3 pairs. as text on screen it says GBPUSD. this should have been ofcourse GBPJPY.

it is now fixed.

Trade4fun
Attached File(s)
File Type: mq4 perfect_hedge_info8.mq4   23 KB | 363 downloads
  • #253
  • Jun 14, 2011 9:57am Jun 14, 2011 9:57am
if you watched my video i said as an example the audusd would in my opinion hit the bosuns monthly line and go past it as the swap interest rate due would cause this certain long trade

this also highlights how the influence of positive swap rates can have on the run up to the tripple swap at 5 pm newyork on wednesday or thursday for non usa times

so with the carry trade tripple swap on can usually gain from this knowledge on these times the run up of price and the run down to buy into
a nice profit

the natural cycle of loss profit loss can help you in securing a safe trade over time earning interest if your entry was not perfect

so the added advantage of earning interst on your money can give you
a nice assurance of a bad entry that overtime becomes a profitable
return using bosuns lines and position averaging

God bless from Brian
  • #254
  • Jun 14, 2011 11:04am Jun 14, 2011 11:04am
GREAT JOB YOUR DOING , IM SURE ALL OF US REALY APPRECIATE YOUR
FAST RESPONSE AND HELP

ONCE AGAIN THANK YOU MATE
FROM Brian
  • #255
  • Jun 14, 2011 3:21pm Jun 14, 2011 3:21pm
Brijon,

thanks for the kind words again.

if possible could you explain a bit better for me. english is not my native language. just to make sure.

Quote
ALONG SIDE 14 CURRENCYS AVERAGE ON EA A COLUM FOR TODAYS OPEN PRICE IS GREATER THAN YESTERDAYS CLOSE A GREEN SQUARE IF LESS A RED SQUARE

if i understand it right. you want for every 14 currencies a column that shows open price now is greater then yesterdays close price.
( also is there an example of this on the exell file? )

Quote
ALSO IF BOTTOM OF AVERAGES GAVE PIPS ABOVE OR BELOW FRIDAYS CLOSE THIS WOULD GIVE 3 MAIN CRITEREA FOR OVERVIEW ON MT4

if i understand it right. you want the total price also display pips?
again if possible please show an example in excell or if possible could you tell me were it is in the excell file or make a picture or video?

thanks you for all the information and help and suggestions

Trade4fun.
  • #256
  • Jun 14, 2011 10:45pm Jun 14, 2011 10:45pm
Quoting trade4fun
Hi Brijon,

here is update number 8. it shows the Averages Total . it just hit 0 as you said.
in next update i will try to add the alarm without sound. but i dont know yet how to do it in my program. will investegate.

also i saw that i made a small mistake in the early version by three 3 pairs. as text on screen it says GBPUSD. this should have been ofcourse GBPJPY.

it is now fixed.

Trade4fun
After loading v8 and comparing to v6 on the same machine, I am showing only the following three pairs in the "SIX_PAIRS" column with v8: USDJPY, EURJPY, and GBPJPY. The other three pairs are missing.

Other than that, looking good!!! Thank you for your effort on this project.
  • #257
  • Jun 14, 2011 11:00pm Jun 14, 2011 11:00pm
The system looks good! Thank you for sharing it!
  • #258
  • Jun 14, 2011 11:07pm Jun 14, 2011 11:07pm
you are right there is no example of open price on excell but close price and now price as per on excell demo area close r57 and now price s57) as total prices and individual currency prices of the 14 in that area to r69 and s69

this would be the best we can do using excell as a guide
the single indicater is available in mt4 as richies open and close
but i think for our purpose using excell example of close and now price would do the same job

ill try an do a video later today

thank you great effort realy outstanding

bosuns grey line is last weeks close price it is displayed as pips in areas difference now main briane37 and sidnals ab30 on min
on excell for price we use now and close price areas total area demo trades r57 to r66 and s 57 to s67



pips displayed on main brian e37 and signal ab30 are fridays close price
Quoting trade4fun
Brijon,

thanks for the kind words again.

if possible could you explain a bit better for me. english is not my native language. just to make sure.



if i understand it right. you want for every 14 currencies a column that shows open price now is greater then yesterdays close price.
( also is there an example of this on the exell file? )

yes but close price and now price would be ok

demo area close r57 and now price s57) as total prices and individual currency prices in the 14 in that area to r69 and s69 total average (individual)rest...
  • #259
  • Jun 14, 2011 11:52pm Jun 14, 2011 11:52pm
http://www.youtube.com/watch?v=6AJEt4W0I4w
  • #260
  • Jun 15, 2011 12:38am Jun 15, 2011 12:38am
i think the use of dashboards is basic information should be kept simple as a guide for quickly identifying a currency or a group as potential trades
so one can see at a glance areas on his charts eg a currency or a group
for confirmation of now trades

if the dashboard becomes too cluttered focus is lost

so on this dashboard we are attemting to identify 3 major areas for trend and upcomming trend change

eg zero points yesterdays close to now price and fridays last weeks close price

AS IDENTIFYING TREND AND UPCOMMING TREND PRICE INCREASES YOUR HIT RATE CONSIDERABLE I THINK A SIMPLE MT4 DASHBOARD WILL HELP YOU MAKE YOUR TRADING DECISION EASIER NO MATER WHAT SYSTEM OR INDICATERS IS YOUR PREFERED CHOICE

there are many dashboards ect in existence today these are just my main 3 areas i look to for entering the trade following the trend

on the excell sheet there are many other areas but i think this sujestion of mine and forexforfun will keep your foicus on the trend and possible changing upcomming trends

GOD BLESS FROM Brian
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